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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Rupert who wrote (1687)9/4/1999 2:42:00 PM
From: ahhaha  Read Replies (4) of 15615
 
I could have told you that the valuation of Global was as specious as they come, but no one wanted to challenge me here on fundamentals. I could only say, "go short". Lewin came on and stated the company was a buy at 40. Given that the guy is another SI patzer shooting his mouth off like a fool amateur, I don't doubt the lemmings would cop the attitude that I was in left field and chase after the preachings of another used car salesman.

In a bull market the public puts on the rose colored glasses and rejects 2 + 2 = 4. They look for expertism and any excuse to shoot themselves in the foot. That is exactly what happened Friday. The market rose because people want to believe that it will continue to rise and because they can still imagine that they will make more money. The bear likes to bag the holders.

This whole thing is so laughable that I'm surprised I don't have the entire SI attention. It shouldn't surprise me since as predicted above the SI fools have their attention on another patzer, Tokyo Mex. Patzers leading fools over the cliff. I can't tell you how much the stock market likes to feed on such stupidity.

Here's another clue for you. I'm bullish on GBLX, but not right now. It has to prove that it isn't a fraud like 99% of the other techs big and small. Did you hear me patzers? FRAUD. Before it's all over, the stock market is going to convert all of you into angry bitter people because you will have been defrauded by the Wall Street salesmen like The Fool, pseudo big shot headline mongers like Cramer, the shiners like Battapaglia, the hoochos like Acampora and Cohen, and the academons like Friedman and Thurow. They're all useless flesh and they should be shot on sight. That will be your opinion of them as they get rewarded for the good job they did on you.
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